Greatland Gold Identifies Large New Geophysical Target at Saddle Reefs

Greatland Gold this week announced that the 3D Induced Polarisation (“3DIP”) survey at the Saddle Reefs prospect has identified a large, buried geophysical target. The prospect is located in the Company’s 100% owned Black Hills licence in the Paterson region of Western Australia. The body lies subparallel to the strike of gold mineralisation identified at surface.

Highlights include:

High quality IP data was collected and used to generate 3D inversion models;

Results have outlined a large, coherent conductive body over 1,000m of strike, spatially coincident with gold mineralisation identified at surface;

The conductive body has dimensions of approximately 1,000m long, 200m wide and 150m thick, and is open to the south-east;

Depth to top of the body ranges from 150m to 200m below surface, a depth which is virtually untested by historic drilling in the Saddle Reefs area.

3DIP models have been reviewed in conjunction with surface geochemical and geological information at Saddle Reefs, and drill targets have been selected to test the orientation and tenor of gold mineralization.